Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Rock News

I’m sure geologists the world over were overjoyed when Jim Cramer made this profound statement near the end of his 6th commandment “Not all companies that produce commodities are as interchangeable as their products.”

Even rocks can be different.

Cramer explains how bad management can scuttle a company in a hot sector and how the location of a company’s resources will change their value.

…and yes Virginia, rocks CAN be different. There are numerous cases of mines opening up and failing because they couldn’t optimise how to separate the metal from the ore. Metallurgists are critical contributors to mine planning.